CME, ICE prepare pricing data that could boost bitcoin

CHICAGO CME Group Inc (CME.O) and rival Intercontinental Exchange Inc (ICE.N) plan to publish new pricing data on bitcoin that they say will increase the credibility and transparency for the controversial digital currency.

Starting in the fourth quarter, the CME aims to begin publishing bitcoin prices about once a second during trading days and a daily settlement price based on transactions from several bitcoin spot exchanges, the company said on Monday.

The owner of the Chicago Mercantile Exchange and other futures markets said the data will add “significant credibility to the nascent digital asset market.”

ICE, which owns the New York Stock Exchange, will soon launch a real-time pricing index for bitcoin, after it began publishing settlement prices in May 2015, said Dwijen Gandhi, head of indexes for the NYSE, in a statement.

The real-time data will “provide additional transparency and insight into the bitcoin price,” he said.

The NYSE also is evaluating the inclusion of data from a number of exchanges for its settlement price, which was initially based only on transaction data from U.S. market Coinbase, Gandhi said.

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